las vegas, atlanta, detroit and cleveland are the places that have been hardest hit in the housing market according to the case-shiller data. one city where there is a glimmer of hope, the one where prices did increase, was washington, d.c. year over year prices are up 3.6%. while it's a small amount it's one of the glimmers of hope in the survey. >> you look for positives somewhere. what does this say about where i guess the housing recovery is in relation to the economic recovery? is it a far lag behind? >> it is a very far lag behind at this point. we've seen unemployment improve. albeit slowly but we have seen it improve. we've seen manufacturing improve and seen corporations improve in their profitability in this country. what we have yet to see improve is the housing market. that's a major concern for economists because the housing market is really the thing that brought us into the recession in the first place through a combination of just too easy loans going out, people owning homes that shouldn't own them and wall street taking advantage of that explosion and everything together